4//SEC Filing
Demlow David J 4
Accession 0001209191-10-039797
CIK 0001370314other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 9:20 PM ET
Size
22.0 KB
Accession
0001209191-10-039797
Insider Transaction Report
Form 4
Demlow David J
Chief Techology Officer
Transactions
- Disposition to Issuer
Common Stock
2010-07-23$10.55/sh−32,266$340,406→ 0 total - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$9.03/sh−1,243$11,224→ 0 totalExercise: $1.52Exp: 2015-01-01→ Common Stock (1,243 underlying) - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$9.61/sh−217$2,085→ 0 totalExercise: $0.94Exp: 2014-01-01→ Common Stock (217 underlying) - Award
Common Stock
2010-07-23+2,732→ 32,266 total - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$9.61/sh−34,000$326,740→ 0 totalExercise: $0.94Exp: 2013-07-01→ Common Stock (34,000 underlying) - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$3.52/sh−9,215$32,437→ 0 totalExercise: $7.03Exp: 2019-02-16→ Common Stock (9,215 underlying) - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$2.09/sh−12,000$25,080→ 0 totalExercise: $8.46Exp: 2020-02-08→ Common Stock (12,000 underlying) - Disposition to Issuer
Employee Stock Option ? right to Buy
2010-07-23$8.59/sh−2,551$21,913→ 0 totalExercise: $1.96Exp: 2016-04-26→ Common Stock (2,551 underlying)
Footnotes (7)
- [F1]Represents shares of the Issuer's common stock originally granted on January 28, 2010, subject to the satisfaction of certain performance criteria during fiscal year 2010. Pursuant to the Issuer's Amended and Restated 2006 Omnibus Incentive Plan and the merger agreement, dated May 17, 2010, between the Issuer, Vision Solutions, Inc. and HA Merger Sub, Inc., upon the consummation of the merger, the restricted stock units were cancelled and converted into the right to receive the per share merger consideration of $10.55 per share. The merger was consummated on July 23, 2010.
- [F2]Cancelled, extinguished and converted into the right to receive merger consideration of $10.55 per share pursuant to the merger agreement between the Issuer, Vision Solutions, Inc. and HA Merger Sub, Inc.
- [F3]This option was cancelled in the merger in exchange for a cash payment of $9.61 per share, which represents the difference between the exercise price of the option and the consideration payable in the merger for shares of the Issuer's common stock ($10.55 per share).
- [F4]This option was cancelled in the merger in exchange for a cash payment of $9.03 per share, which represents the difference between the exercise price of the option and the consideration payable in the merger for shares of the Issuer's common stock ($10.55 per share).
- [F5]This option was cancelled in the merger in exchange for a cash payment of $8.59 per share, which represents the difference between the exercise price of the option and the consideration payable in the merger for shares of the Issuer's common stock ($10.55 per share).
- [F6]This option was cancelled in the merger in exchange for a cash payment of $3.52 per share, which represents the difference between the exercise price of the option and the consideration payable in the merger for shares of the Issuer's common stock ($10.55 per share).
- [F7]This option was cancelled in the merger in exchange for a cash payment of $2.09 per share, which represents the difference between the exercise price of the option and the consideration payable in the merger for shares of the Issuer's common stock ($10.55 per share).
Documents
Issuer
Double-Take Software, Inc.
CIK 0001370314
Entity typeother
Related Parties
1- filerCIK 0001382852
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 9:20 PM ET
- Size
- 22.0 KB